Schiff Counsels Placement Agent in WiMi Hologram Cloud’s $83.8M Registered Direct Offering

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Schiff Counsels Placement Agent in WiMi Hologram Cloud’s $83.8M Registered Direct Offering

News Release |

Schiff Hardin LLP acted as counsel to the placement agent in WiMi Hologram Cloud, Inc.’s registered direct offering of more than 11.1 million units at a purchase price of $7.50 per unit for a total offering size of approximately $83.8 million. WiMi is a leading Hologram Augmented Reality Technology provider. WiMi intends to use the net proceeds from the offering for research and development, strategic acquisitions, and general corporate purposes.

FT Global Capital, Inc. and The Benchmark Company, LLC acted as the exclusive placement agents in connection with the offering, which closed on March 26, 2021.